América Móvil prints Swisse record breaker

América Móvil achieved its lowest ever coupon — and the lowest of all single-A rated Swiss franc bonds printed this year — when it issued a Sfr250m ($256.1m) 1.125% six year note on Wednesday. The deal followed a string of issues in core currencies from the borrower in July.

16 Aug 2012

Dormant Swiss franc supply in the last fortnight helped drive Swiss investors interest in the Latin American corporate giant. Domestic buyers have a strong liking for América Móvils A2/A-/A rating and its sector, which make its bonds a safe and conservative investment in their eyes.